In ancient Greece, the drachma was an ancient currency unit issued by many city-states during a period of ten centuries, from the Archaic period throughout the Classical period, the Hellenistic period up to the Roman period. The ancient drachma originated in the Greece around the 6th century BC. The coin, usually made of silver or sometimes gold had its origins in a bartering system that referred to a drachma as a handful of wooden spits or arrows. The drachma was unique to each city state that minted them, and were sometimes circulated all over the Mediterranean. The coinage of Athens was considered to be the strongest and became the most popular.

The city of Athens during the classical period of ancient Greece was the major urban centre of the notable polis (city-state) of the same name, located in Attica, Greece, leading the Delian League in the Peloponnesian War against Sparta and the Peloponnesian League. Athenian democracy was established in 508 BC under Cleisthenes following the tyranny of Isagoras. This system remained remarkably stable, and with a few brief interruptions remained in place for 180 years, until 322 BC. The peak of Athenian hegemony was achieved in the 440s to 430s BC, known as the Age of Pericles.